Tax & Compliance

The rise of tax reporting and compliance obligations

Tax and compliance is an increasingly important topic for financial firms.

Regulations like FATCA, IRS Section 871(m), the Common Reporting Standard (CRS), FTT and global economic sanctions consume significant resources, while fines for non-compliance can run into billions of dollars.

The challenge for firms

Across the trade lifecycle, firms must be able to identify in-scope instruments, transactions and entities and withhold tax or report to regulators where necessary.